MEDICAL DRYING CABINETS MARKET ANALYSIS

Medical Drying Cabinets MarketSize and Trends

Global medical drying cabinets market is estimated to be valued at US$ 324.5 million in 2023 and is expected to exhibit a CAGR of 8.9% during the forecast period (2023-2030).

Global Medical Drying Cabinets Market- Drivers

Increased risk of healthcare acquired infections 

Health care-associated infections (HCAIs) are infections that occur while receiving health care in a hospital or other health care facility. This infection appear after 48 hours or more of hospital admission, or within 30 days of received health care. Increasing health care associated infections will lead to increased use of medical drying cabinets, and thus, this is expected to drive the growth of the global medical drying cabinets market in the forecast period. For instance, in April 2022, a report published by Michigan Publishing Services, a scientific journal, stated that International Nosocomial Infection Control Consortium reported that Health care-associated infections (HCAI) in India was approximately 9.06 infections per 1,000 intensive care unit (ICU) patients.

Increasing prevalence of gastro esophageal reflux disease

Medical drying cabinets are used for sterilization and storage of endoscopes, and thus, increasing prevalence of gastro esophageal reflux disease that requires usage of endoscopes is expected to drive the market growth over the forecast period. For instance, in July 2022, according to a report published by National Center for Biotechnology Information (NCBI), gastro esophageal reflux disease (GERD) is one of the most common gastrointestinal disorders with prevalence in 20% of adults in western culture like French, Spanish and British culture.

Figure 2. Global Medical Drying Cabinets Market Share (%), By Region, 2023

Global Medical Drying Cabinets Market- Segmentation:

The global medical drying cabinets market report is segmented into product type, application, material type, end user, and region

Based on Product Type, the market is segmented into single door, double door, glass door, and vacuumed. Out of which, double door segment is expected to dominate the medical drying cabinets market during the forecast period, due to increasing product launches by key market players.

Based on Application, global medical drying cabinets market is segmented into surgical instruments, glassware, lab clothes, endoscopes, and others. Endoscopes segment is expected to dominate the market over the forecast period, due to increasing usage of medical drying cabinets for sterilization of endoscopy instruments.

Based on Material Type, global medical drying cabinets market is segmented into stainless steel and seawater resistant steel. Out of which, stainless steel segment is expected to dominate in the market over the forecast period, due to increasing product launches by key market players.

Based on End User, global medical drying cabinets market is segmented into hospitals, pharmaceutical industries, and national laboratories. Out of which, hospitals segment is expected to dominant in the market over the forecast period, due to increasing usage of medical drying cabinets for sanitizing of medical instruments.

Based on Region, global medical drying cabinets market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. Out of which, North America segment is expected to dominate the market over the forecast period, due to increasing inorganic growth strategies such as collaboration by key players in the region